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Sep 29, 2020 (AmericaNewsHour) —
Global Digital Insurance Platform Market was valued at USD 84.2 Billion in the year 2017. Global Digital Insurance Platform Market is further estimated to grow at a CAGR of 14.3% from 2019 to reach USD 243.8 Billion by the year 2025. North America region holds the highest Market share in 2017 and Asia-Pacific is considered as the fastest growing Market in the forecasted period. At a country level, the U.S is projected to grow strongly in the coming years.

Major market players in Digital Insurance Platform Market are SAP Inc., International Business Machines Corporation (IBM), Accenture, Microsoft Corp., Cognizant, Oracle Corp., Tata Consultancy Services Ltd, DXC Technology Company, Pegasystems Inc., Infosys Ltd, and brief overview of 9 companies is also provided in the report. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, the collaboration of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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SWOT Analysis of Digital Insurance Market:
Strength:
Rising demand for IoT technology

Weakness:
Struggle to Integrate Coverage Platforms with Legacy Systems

Opportunities:
Implementation of Cloud-Based Solutions

Threats:
Lack of Skilled Employees

The Global Digital Insurance Platform Market is segmented on the basis of the component, deployment services, services, insurance application, and region. The major shares of the Market come from automotive and transportation, by technology in Global Digital Insurance Platform Market. On the other hand, professional camera, by application for this Market is expected to

SWOT Analysis of Digital Insurance Market:
By Service
*Managed Services
*Professional Services

By Professional Service
*Consulting
*Support and Maintenance
*Implementation

By Insurance Application
*Life and Health
*Business and Enterprise
*Automotive and Transportation
*Consumer Electronics and Industrial Machines
*Home and Commercial Buildings
*Travel

By Component
*Tools
*Services

By Deployment Service
Cloud
On-premises

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post Digital Insurance Platform Market to Have A Promising Future Ahead! appeared first on America News Hour.

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